5 Business Review Service Success Stories [2024]
Consider starting a business review service if clear-cut evaluations intrigue you. This venture revolves around providing detailed, unbiased reviews of businesses for consumers.
Essentially, you would offer evaluations on various businesses, detailing their strengths, weaknesses, and overall service quality. These reviews can be published online or in local publications, helping consumers make informed decisions and improving the transparency of local markets.
Starting this business demands investigative skills, impartiality, and a good grasp of different industry standards. It's a service that appeals to many, fostering trust and reliability among consumers and businesses. With minimal initial investment but a requirement for thorough research and good writing skills, this idea offers both a connection to your community and a potential steady income stream.
In this list, you'll find real-world business review service success stories and very profitable examples of starting a business review service that makes money.
1. Nextiva ($120M/year)
Nextiva was founded by CEO Tomas Gorny after experiencing inefficiencies in the business communication market. He wanted to create a company focused on innovation and delivering the best customer experience, which led to the development of NextOS and the expansion of Nextiva's services beyond business phone services. Despite being surrounded by industry giants, Nextiva differentiated itself through its self-funding approach, commitment to Amazing Service, and focus on building a positive company culture.
How much money it makes: $120M/year
How many people on the team: 1000
Nextiva, an Arizona-based business communications company, has developed an all-in-one platform called NextOS, which offers CRM tools, team collaboration tools, and business communication tools, resulting in a significant shift in its business model, and has grown from just a few employees to over 1,000 spread around the world, entirely self-funded, and focused on providing amazing service to its customers.
2. Assuras ($5.2M/year)
Tyler King, the serial entrepreneur and CEO of Assuras, came up with the idea for his consulting firm through his previous ventures in technology and executive coaching. He combined his learnings from engaging with leaders in his prior venture and his education from leading institutions to form Assuras, a global management consulting firm that takes on complex challenges and provides impactful solutions for its clients. With a focus on cross-functional teams and innovative approaches, Assuras has tripled its market share within its first two years.
How much money it makes: $5.2M/year
How much did it cost to start: $1.2M
How many people on the team: 27
Assuras, a global management consulting firm that focuses on solving impactful challenges for growth-stage companies with 500-2000 employees, successfully tripled their market share in their initial two years from inception by building cross-functional, diverse teams that provide alternative ways of looking at problems and offering risk-free consulting and action plans with clients who commit to implementing their recommendations.
3. ReputationStacker ($3.6M/year)
Ian, the founder of ReputationStacker, came up with the idea for his business while working in advertising and marketing for retail healthcare businesses. He realized that online reviews were becoming increasingly important, but the manual process of requesting reviews from customers was time-consuming and often neglected. Inspired by the success of his email outreach strategy for getting reviews, Ian quit his job and built a software solution that automates the process, helping businesses consistently generate positive reviews and manage their online reputation.
How much money it makes: $3.6M/year
How much did it cost to start: $30K
How many people on the team: 5
ReputationStacker is a subscription software that simplifies and automates the process of getting more online reviews, helping businesses to manage their online reputation and grow their customer base; currently generating over $300k monthly revenue with low churn rates and a strong customer support team.
4. onlinecasinoguide.in ($120K/year)
Arjun Patel, a dedicated casino player and SEO manager, noticed a lack of online casino information for Indian players. Combining his expertise in SEO and his passion for casino games, he created onlinecasinoguide.in, an online casino affiliate that provides honest reviews, game guides, and bonus offers. With a monthly visitor count of 30K, the platform has become profitable and Patel plans to expand into other emerging casino markets in Asia and South America.
How much money it makes: $120K/year
How much did it cost to start: $5K
How many people on the team: 0
Indian founder Arjun Patel created online platform onlinecasinoguide.in which provides honest reviews, guides and details about casino sites and promotions in India, gaining 30,000 monthly visitors through dedication and patience in building a solid SEO foundation.
5. Points Panda ($45.6K/year)
Freddy Lansky, the CEO of Points Panda, came up with the idea for his business after realizing the value of transferring points to airlines for discounted business class flights. He started by offering award booking services to friends and family before turning it into a full-fledged consultancy business. Through consistent content creation and strategic partnerships, Points Panda has steadily grown and aims to expand its team in the future.
How much money it makes: $45.6K/year
How much did it cost to start: $1K
How many people on the team: 5
Points Panda is a points & miles travel blog/award booking consultancy business that helps people maximize their points; the business began after CEO Freddy Lansky realized he could turn his passion for booking award flights for small “hassle fees” into a thriving business.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
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